Class in: Business, science and technology, cryptocurrencies
Theme : Prizes and Rewards
The launch of payment products for everyday transactions in Canadian dollars is an important milestone for Shakepay
MONTRAL, Nov. 28, 2023 /CNW/ – Shakepay today launches payment products for everyday transactions for all of its customers – direct deposit, bill pay, friend e-transfer and rewards for regular account activity – reflecting its customers’ demand for a simple solution -user-friendly and cost-effective portfolio management system.
“Our fundamental goal at Shakepay is to provide Canadian workers with better, more affordable options because we believe there should be no fees for basic financial services,” said Jean Amiouny, CEO of Shakepay. “Competition drives innovation. For our customers – and more and more Canadians struggling to make ends meet – there is a place for secure, everyday payment tools built on reliable and reliable technology that deliver an exceptional customer experience without putting a lot of money into their savings.”
The new Shakepay payment products for everyday transactions are:
- Direct Deposit:Shakepay customers can now transfer part or all of their salary directly to their Shakepay account. If desired, customers can also set up automatic purchases of Bitcoins.
- To pay a bill:Shakepay customers can now pay their bills just as they would with their traditional financial institution.
- Transfer your friends’ money electronically : Shakepay customers can send Interac e-transfers to anyone in Canada directly from the Shakepay app.
- Shake paid: a new feature in everyday payments that can bring high profits to our customers. Building on the successful and innovative Shakepay card program, Shakepay customers can become “shakepaid” and receive a little extra with every deposit made through Shakepay (minimum deposit is $100, maximum return is $1,000 in Bitcoins).
The product line also includes the Shakepay Visa* prepaid card, one of the first Bitcoin withdrawal cards in Canada, which allows customers to earn up to 2% Bitcoin withdrawal on all their purchases. This program, along with other rewards programs like #shakepaid, are among the key elements that make Shakepay a preferred partner for Canadians who want to get the most out of their financial services.
Canadians, particularly Millennials and Generation Z, want to get more out of their digital experiences and not pay high account fees. In 2023, Shakepay surveyed approximately 1,400 of its customers and found that 35% of respondents have little or no trust in their banks and do not feel well served by them, and 42% believe that fintechs like Shakepay are their provider for everyday payments can be.
Founded in 2015, Shakepay has worked hard to position its flagship product, its cryptoasset trading platform, as one of the easiest ways to buy and sell Bitcoin in Canada while meeting the highest security standards in the world.
Today, Shakepay has more than 1.3 million registered accounts and has taken a proactive approach to regulation, obtaining a money services business license from FINTRAC. Shakepay is also the first Quebec-based cryptoasset trading platform to be registered as a restricted broker with all provincial and territorial securities regulators.
“We started as a Bitcoin trading platform with the goal of making Bitcoin accessible to all Canadians. Today, we are making the promise that Bitcoin will bring a fairer financial system to the world of traditional finance by integrating it into products that Canadians can use for their everyday payment needs,” Mr. Amiouny continued.
About Shakepay
Shakepay is reinventing financial services to give every Canadian their fair share.
More than a million Canadians from all walks of life – from students to retirees – trust Shakepay to give them more control over their money and help them improve their financial future.
The company is backed by reputable venture capitalists with $44 million in funding and is regulated in all provinces and territories in Canada. ShZakepay is headquartered in Montreal.
To learn more about Shakepay, visit shakepay.com
*Visa is a trademark of Visa International Service Association, used under license by Peoples Trust Company.
SOURCE Shakepay
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Press release sent on November 28, 2023 7:00 a.m. and distributed by:
